North Dakota – update through July 2022
Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.
Permian – update through May 2022
Permian tight oil production set a new output record in March, at 4.5 million b/d (after upcoming revisions, horizontal wells only). Slightly more horizontal wells were completed in the first quarter of 2022 compared with last year (1,157 vs 1,008).
Horizontal Permitting Activity has increased post-invasion, but still lags behind pre-COVID levels
Despite surging prices to the highest in almost a decade, horizontal permitting activity still lags behind pre-COVID levels.
Permian – update through March 2022
Permian tight oil production set a new output record in March, at 4.5 million b/d (after upcoming revisions, horizontal wells only). Slightly more horizontal wells were completed in the first quarter of 2022 compared with last year (1,157 vs 1,008).
Eagle Ford – update through February 2022
Tight oil production in the Eagle Ford has fallen by over 50 thousand b/d since September, and came in at close to 1.05 million b/d in February, the lowest output in 12 months (Hz. wells only, after upcoming revisions). Natural gas production in February was close to a 12-month high, at over 6.0 Bcf/d.
Pennsylvania – update through March 2022
Natural gas production in Pennsylvania was 20.2 Bcf/d in March (Hz. wells only), slightly lower than the output a year ago (20.5 Bcf/d).
